27
Jul
01:00
Hyundai Steel boosts operating profit in H1
South Korea’s Hyundai Steel managed to boost operating profits by 18.3% year-on-year to KRW 424.5 billion ($370 million) over January-June, despite falling revenues. The merger with Hyundai Hysco this month puts the company on track to continue capturing value, Kallanish notes.
Hyundai Steel overcame an -11.3% fall in revenue to KRW 3.7 trillion over the period caused by lower steel prices. It says lower raw material costs, both from lower pr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous